Economy

Saturday, August 18th 2018 - 07:52 UTC
Punta Arenas 2018/19 cruise season expects 138 calls and 89.100 visitors

The extreme south Chile 2018/2019 cruise season, which includes mainly Punta Arenas, plus Puerto Natales and Puerto Williams, is expected to take off next September 15 and will extend until 29 March 2019, as reported by the Austral Port Enterprise, EPAustal
Saturday, August 18th 2018 - 07:00 UTC
Macri anticipates more Argentines will fall into poverty this year

More Argentines are likely living in poverty now compared with last year, President Mauricio Macri said on Friday, as the country's economy slides toward recession following a currency crisis and a severe drought that harmed farm output.
Saturday, August 18th 2018 - 06:50 UTC
Brazil's premium on ethanol will have India become the world's largest sugar producer

Brazil will likely step down to become the world's second-largest sugar producer on low global sugar prices and higher profitability and strong demand for ethanol, according to a report by Brazilian consulting company JOB Economia e Planejamento.
Friday, August 17th 2018 - 10:26 UTC
US/China announcement of trade talks come as a relief to world markets

The dollar stepped back from 13-1/2-month highs against other major currencies on Friday as talks next week between China and the United States offered some hope that the world’s two largest economies will find a way to head off a full-blown trade war.
Friday, August 17th 2018 - 10:10 UTC
Eliminating glyphosate would be a “disaster” for Brazilian agriculture

A potential ban on the popular herbicide glyphosate in Brazil over concerns it may cause cancer in humans would be a “disaster” for the country’s agricultural industry, Agriculture Minister Blairo Maggi said on Thursday.
Friday, August 17th 2018 - 08:58 UTC
Argentina struggling to tame markets and inflation; talks for a currency swap with China

Argentina’s central bank said on Thursday it hiked reserve requirements by 3 percentage points for the country’s largest banks, as it tries to keep its plan for reducing short-term debt from adding to already high inflation.
Thursday, August 16th 2018 - 22:42 UTC
Brazil corn production next season could reach a first time 100m tons

Brazilian farmers are expected to plant a record amount of soybean acres this coming season, encouraged by strong demand from China, and yield a record harvest next year, consultancy Céleres said in its first forecast for the new cycle. The next crop cycle in Brazil, the world's No. 1 soybean exporter, begins in September.
Thursday, August 16th 2018 - 22:12 UTC
Mercosur reliance on China and industrial protectionism, challenges for a deal with EU

Mercosur excessive reliance on exports to China and industrial protectionism in chemicals are core stumbling blocks to reaching a free trade agreement (FTA) with the EU, a policy paper published by the 28-country bloc released on Monday.
Thursday, August 16th 2018 - 21:15 UTC
Brazilian food giant JBS hit by a surge in feed costs and trade conflicts

Brazilian food company JBS SA would need to raise product prices by another 7% at its processed foods division Seara to offset a surge in feed costs, executives said on Wednesday. Seara raised prices by 3% in the second quarter, the executives said on a conference calls with analysts to discuss second-quarter results.
Thursday, August 16th 2018 - 15:43 UTC
Brazilian economy contracts 0.99% in second quarter because of truckers strike

Brazil's economy contracted nearly one percent in the second quarter due to a truckers' strike, the country's Central Bank said on Wednesday. The nine-day strike that ended in late May caused fuel shortages, cut into food deliveries and backed up exports.